Financial News: Australia Retail Sales Rise 0.4% In June

Australia Retail Sales Rise 0.4% In June

(RTTNews) - The total value of retail sales in Australia was up a seasonally adjusted 0.4 percent on month in June, the Australian Bureau of Statistics said on Friday - coming in at A$26.812 billion.

That beat forecasts for an increase of 0.3 percent following the 0.4 percent gain in May.

For the second quarter of 2018, retail sales jumped 1.2 percent to A$79.138 billion. That also exceeded expectations for an increase of 0.8 percent and was up from 0.2 percent in the three months prior.